v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2025
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the condensed consolidated balance sheet as of June 30, 2025 and 2024, and December 31, 2024, to the amounts reported on the condensed consolidated statement of cash flows (in thousands):

    

June 30, 

December 31, 

June 30, 

2025

    

2024

2024

Cash

$

923

$

1,329

$

2,436

Cash equivalents

158

3,228

229

Restricted cash

 

309

 

307

307

Total cash, cash equivalents and restricted cash

$

1,390

$

4,864

$

2,972

Schedule of fair value hierarchy for financial assets and liabilities The following table represents the fair value hierarchy for the financial assets and liabilities held by the Company measured at fair value on a recurring basis (in thousands):

    

As of June 30, 2025

(in thousands)

Level 1

    

Level 2

    

Level 3

    

Total

Money market funds

$

158

$

 —

$

 —

$

158

Total financial assets

$

158

$

$

$

158

Convertible debt subject to credit risk analysis

$

$

10,943

$

$

10,943

Total financial liabilities

$

$

10,943

$

$

10,943

    

As of December 31, 2024

(in thousands)

Level 1

    

Level 2

    

Level 3

    

Total

Money market funds

$

3,228

$

 —

$

 —

$

3,228

Total financial assets

$

3,228

$

$

$

3,228